Delhi-NCR retail leasing hits record in 2024 as vacancy falls and rents climb
NCR retail leasing rose 7% YoY to 3.1M sq ft with premium mall vacancy easing to 8.3% and consumer spending up 12%. ANAROCK projects NCR to command 66% of India's 27M sq ft retail pipeline through 2028, led by Noida and Gurugram—signaling a strong store-expansion runway for retailers.
Delhi-NCR retail real estate posted record 2024 leasing with falling vacancy and rising rents, led by Noida and Gurugram. ANAROCK projects NCR will dominate 66% of India's retail space pipeline through 2028, signaling strong store-expansion runway for retailers.